Core Viewpoint - Baoneng Automobile has denied rumors of liquidation and stated that its operations are normal despite some management departures and public announcements of dissolution for certain subsidiaries [1][2] Company Summary - Baoneng Automobile issued a statement refuting claims of liquidation, asserting that all business operations are ongoing and normal [1] - The company acknowledged that some senior management personnel have left, but this does not impact the company's operations [1] - Several subsidiaries, including Baoneng Automotive Technology Co., Ltd. and Baoneng Automotive Sales Co., Ltd., have published announcements regarding dissolution, citing reasons related to the company's articles of association [1] - Baoneng's sub-brand, Youbaoli, announced the rollout of the Youbaoli A3, a small electric vehicle, which is set to be showcased in brand stores [2] Industry Summary - The small electric vehicle market is becoming increasingly competitive, with established players like SAIC-GM Wuling, Geely, Changan, and FAW Bestune already having a presence [2] - Baoneng's Youbaoli A3, which was initially planned for launch in Q1 2023, is priced starting at 40,000 yuan and is seen as facing challenges in competing with mainstream brands due to a lack of brand strength and product credibility [2]